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Dollar mixed on economic data, Greece aid hope

06-01-2011 08:19 BJT

NEW YORK, May 31 (Xinhua) -- The U.S. dollar traded mixed against major currencies in late New York trading on Tuesday, as U. S. economic data disappointed investors and Greece might get new financial aid to avoid defaulting on its debts.

The Conference Board reported on Tuesday that its consumer- confidence index fell to 60.8 in May, the lowest reading in six months, from a revised 66 in April.

The S&P/Case-Shiller Home Price, which is regarded as the leading measure of U.S. home prices, showed on Tuesday that the U. S. National Home Price Index declined by 4.2 percent to 125.41 in the first quarter of 2011, following a 3.6-percent drop in the fourth quarter of 2010.

The weak economic data disappointed investors and the dollar was bolstered by risk aversion appetite.

Meanwhile, reports said that Germany was thinking about abandoning a restructuring plan on the Greek debt, raising expectations that Greece might receive a new financial aid. The euro was lifted by the news and surged to near 1.44 against the dollar on Tuesday.

In late Tuesday trading, the dollar bought 81.50 yen, comparing with 80.91 yen late Friday, and the euro rose to 1.4378 dollars from 1.4283.

The British pound fell to 1.6448 dollars from 1.6473. The dollar rose from 0.8522 to 0.8532 against the Swiss franc, but fell to 0.9688 Canadian dollars from 0.9775.

 

Editor:Yang Jie |Source: Xinhua

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